EPAM Systems Inc. has seen a change in financial outlook from key analysts who keep a close eye on the company's performance. Recent positive reports indicate that the company has been
upgraded to Overweight from Equal Weight by Barclays. The upgrade appears to be based on the company's growth, which is being propelled by factors such as digital transformation and AI-driven growth. Additionally, the company’s
third-quarter earnings for 2024 not only beat expectations but also raised the full-year outlook. This strong performance led EPAM Systems to lead S&P 500 gains on one Thursday, thanks to it posting strong earnings and a positive future outlook. Further action has come as EPAM has announced expansions, in India and through the
acquisition of First Derivative that will further expand its global financial services practice. EPAM is also recognized for its
inclusive workplace policies, suggesting an appeal to top sector talent. Despite this strong positive news, the long-term view shows current investors sitting on a
loss of 64% if they bought in three years ago. The company has declared plans for a significant expansion in India and to double its workforce in 3-4 years.
Epam Systems EPAM News Analytics from Mon, 19 Feb 2024 07:22:07 GMT to Mon, 23 Dec 2024 11:15:46 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -3
